08/31/2009 Pre-Market Briefing

Gap down open as predicted but still within the recent trading range so pretty good chances the gap will be filled. In case the gap doesn’t get filled within the 1st hour however, if after 10:30am there’s new intraday low then today would be a strong down trend day.

9:33am, dashed line as resistance, so bears might have chance today as long as the resistance remains intact.